The Radisson Blu Hotel, Amsterdam Wins "Global Hotel of the Year 2011" MarketWatch (press release) BRUSSELS, February 29, 2012 /PRNewswire via COMTEX/ -- The Radisson Blu Hotel, Amsterdam has been awarded the title of "Global Hotel of the Year 2011" by the Carlson Rezidor Hotel Group. The property, located in the heart of Amsterdam, has been named ... |
SkySports | SC Heerenveen's Ron Jans delighted with the 1-0 win over NAC Breda bettor.com (blog) The Heerenveen boss, Ron Jans, expressed happiness and revealed that his side remained better of the two sides on the pitch. The Friesland outfit had to face a trouble early on and could have conceded a goal inside five minutes. Heere nveen win again |
Thursday, February 16, 2012
Money woes mount for BankUnited - South Florida Business Journal:
BankUnited’s first quarter net interest income – widelyg equated to revenue in the bankin gworld – was minus $2.3 million, according to its preliminarg filing with the on The figure does not include the results of the paren company, Coral Gables-based BKUNA). Meanwhile, federal regulators have moved the deadline for bids to acquired BankUnited from Thursday to next according toa source. Much of the maneuvering deals with whethert former Chairman and CEO AlfredCamnerf – the largest shareholder in the parent company would be involved in the company’sw future or receive anything of value for his a source said.
If the bank is put into shareholders may not receive a AttorneyKendall Coffey, who represents the Camnerd family, declined to comment on the futurew of BankUnited. BankUnited shares have shown volatilityu and heavy trading this On Thursday, 21.98 millio n shares traded, following 14.6 million on Wednesday and 15.85 million on Tuesday. The stock only has 30.63 milliohn shares as a public float, so many shares may be trading multiple times ina day. Prices this monthg have bounced from a low of 28 cents on May 1 to a highof $1.743 on Tuesday. On Friday, shares were down 7 centzs to 81 centsin mid-afternoon tradinf on volume of 4.
9 million Meanwhile, bidders must evaluate the value of a potentiaol purchase. The negative net interest margijn is rareamong banks. Havingv high net interest income as a percentage of the assetes of the bank is a core measure ofa bank’s Losses from bad loans are subtracted from the income margin most banks get from collectinhg more from loan interest than they pay out in deposits. those fundamentals were upsidd downat BankUnited. In the firstt quarter, the bank collected $126.4e million in interest on mortgages and investmentein mortgage-backed securities while paying out $128.7 million in interesg to customers on deposits and to the on a loan to BankUnited.
The FHLB loanw money to banks, which, in are expected to lend out at highedr interest rates than they are payingthe BankUnited’s net interest income has nosedivecd during the past year as it offered high-ratee certificates of deposits while loan interest rates The bank generated $82.1 million in net interesrt income in the first quarter of 2008. Its net interesrt income droppedto $15.1 million in the fourth before turning negative in the first quarter of 2009. It did not help that BankUnitecdhad $478 million more in liabilities – whichy includes deposits and loans that cost it mone y – than it had in assets, whicuh should earn the bank interest income.
BankUnited’s $13.14 billion in assete included about $2.64 billion not earning interest, such as repossessed real late and unpaid loans and the reservde for futureloan losses. On the other side of the equation, BankUnited’se $8.78 billion in deposits includedonly $328 millionb that were not paying interesy to depositors. That means many of its depositeswere costly. Having so many high-ratwe deposits diminishes the franchise valus ofthe bank, Miami-based banking analys t and economist Kenneth H.
Thomas However, he believes BankUnited still has good franchisre value because its 86 branches in the attractive Florida markef hold a higher average of deposits per branch than most other The bank’s other main source of potential revenuwe – noninterest income – was negative $27 million in the firsg quarter. That included spending $13 million on the operationw and sale ofrepossessed assets. Despite the urgent pressure on BankUnited to preserve capital as it seekswan investment, the bank’s noninterest expenses – the operationalp expenses of the business – increasex to $77.2 million from $63.
1 million in the fourth The bank cut 15 employees duringf the quarter to end at 1,083, but its personnelk and compensation expenses increased by $1.5 million to $20.u million.
Tuesday, February 14, 2012
United Harvest upgrades facility - Portland Business Journal:
export facility in a project that will double its inbounddrail capacity. The news comes just two days aftere St. Louis-based grain exporter Bunge North America announced that work will start this month on a new grain terminal further up the Columbiwa River at the Port ofLongview that’s estimated as a $200 milliomn investment. The new terminal, part of a jointr venture between Bunge, Japan-based Itochu and Korea-based STX Pan Ocean Co., would be the first new export facility built in the Unitedx States intwo decades. United Harvest, whicg operates export facilities in both Kalama andin Wash., said its Kalamaa project is now underway and shouls be completed by Sept. 30.
The upgradesz are expected to reduce a bottleneck arounxd the daily receipt of railcars at the Portof “We’re expanding our inbound rail capacity by 100 which will result in fastetr turnarounds, greater efficiencies and overall improved Gary Schuld, president of Unite d Harvest, said in a news release. “By doubling our inboune capacity, we’re in a better position to meet our growing needs.” United Harvest is a joint venture between CHS Inc. of St. Paul, the nation’s largest producer-owned cooperative and Mitsui Co. Ltd.
, a Tokyo-based exporter originating UniteeStates wheat, barley and
Sunday, February 12, 2012
Saboten Con 2012 Welcomes Japanese Guest Akira Yamaoka and Many Others - Anime News Network (press release)
Saboten Con 2012 Welcomes Japanese Guest Akira Yamaoka and Many Others < /p>Anime News Network (press release) A native of Dallas, Texas, Troy, once the lead singer for Ć¢Tripp FontaineĆ¢ (FMPM/Universal), first began working as an actor in TV and Radio commercials. He quickly became a mainstay voice actor of the Anime community with such roles in " Fullmetal ... |
Friday, February 10, 2012
Bush, Tenet directors
Bush, now the president of consultingfirm , was awardeds $111,046 in fees earned or paid in cash and stock unitx valued at $130,000, according to a proxy filexd by Tenet (NYSE: THC), a Dallas-based hospital company. An unspecifier portion of the cash compensation was deferreedat Bush’s request, the proxyh said. Bush’s 2008 compensation from Tenet is nearly double theFloridqa governor’s salary, which is $132,932 for the currenyt fiscal year. Bush is one of nine members of Tenet’s board. Directors received between $233,046 and $404,046 in totapl compensation last year, with the highes t amount going to Edward board chairman, the proxy said.
Tenet’s non-employede directors received a $75,000 annuakl retainer fee in 2008, and additional fees for attendingv board andcommittee meetings. In Tenet’s non-employee directors received a $65,000 annual retainer fee. who served as Florida’s governor from 1999 to also serves on the board of directorsof (NYSE: RYN), a real estates development company based in and on the boards of severalp private companies, including , and
Wednesday, February 8, 2012
Dow jumps to start June; General Moly leads Colorado gainers - Houston Business Journal:
The Dow Jones Industrial Average finished the trading day at up 221.11 points (2.6 percent percent). The S&P 500 close at 942.87, up 23.73 points (2.58 percent). The NASDAQ Composite finished at 1,828.68, up 54.35 pointas (3.06 percent). Among actively traded Colorado Lakewood-based molybdenum mining company GeneralMoly (GMO) led the day’ s gainers, up 23.94 percent (51 to close at $2.64. • (DPTR) Up 15.5 percent (31 cents) to • (AEZ) — Up 10.53 perceny (10 cents) to • (PLD) — Up 9.07 percenft (77 cents) to $9.26. (AIV) — Up 7.2 percent (68 cents) to Among actively traded Colorado stockx that declined on the day was ArcaBiopharma Inc.
down 44.78 percent ($4.16) to close at The Broomfield-based biotech said the Food and Drug Administrationh wants it to conduct more clinical testson Gencaro, its experimental heart-failurse drug that Arca wants the FDA to approve. (NEM) — Down 1.8 percentf (88 cents) to $47.99. (Q) — Down 0.69 percent (3 cents) to • (ALTH) — Down 0.69 percent (5 cents) to Dow Jones & Co. said Monday it is addingh and Travelers Cos. to the Dow Jones Industrial Average and dropping Generalo Motorsand , effective June 8.
Monday, February 6, 2012
Burgess: Property tax losses
The Miami-Dade County property appraiser releasee its preliminary tax rollinformation Monday, with all four taxint jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadse overall – seeing a decline. The countywidw decrease comparing preliminary tax numbers from year to year showse a 9percent decrease, or a total of $22.55r billion.” “These losses would have been worse if not for new constructiom that was added to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocountty commissioners. North Bay Villagre took the biggest hit, down 20.2 percenft from 2008 levels. Homestead saw an 18.
2 percent followed by Normandy Shores, down 17.5 and Aventura which was down 17.3 percent. Goldem Beach and the tiny city of Islandias sawno change. Medley saw a 1.5 percentt drop while Biscayne Park saw a 4percentr decline. Click for the full list. Stafferw reviewed property tax rolls going back to 1985 and found that 1993 saw taxable value shrinkby 2.9 or $1.9 billion. “Even in 2008, when we absorbe the impact of doubling the homestead exemptionnfrom $25,000 to $50,000, the property tax roll was relativelgy flat,” Burgess explained in the memo. “Thesde losses in property tax roll valuesare unprecedented.
” Burgess warned of a lot more pain on the using the last two yearsz as a barometer of what is coming. For the secon d consecutive year, Miami-Dade faced a $200 millio n budget gap in the lastfiscal year. Core services were kept intacg bytightening belts, but assuming the same tax rate adoptef for 2008-09, the estimated ad valorem revenuees for fiscal year 2009-10 would shrink by $174.1 million, according to the memo. Taking into accouny the impact of normal inflationary growth and theeconomivc slowdown, combined with the non ad valorem revenuee sources, results in property tax subsidized operationes facing a budget gap of $350 millioj to $400 million, Burgess said.
“We are workinb diligently to prepare a propose budget forFY [fiscal year] 2009-10o that to the extent preserves essential services and minimizes service impacts to our residents,” he wrotr in the memo. “However, closing a budgetaryu gap of this size will requirde some verydifficult decisions.”
Friday, February 3, 2012
Major League Baseball contract holding up Rawlings-K2 deal - St. Louis Business Journal:
Dick Heckmann, chairman and chief executive of K2, said Monday he would give up the acquisitiobn plans if the companies could not reachy an agreement withthe league. Rawlings provides basebal equipment, such as gloves, caps and to the league. On March 13, Heckmann said the companh was concerned with someof Rawlings' but did not give any details. Shareholder s of both companies are expected to vote onthe $84 million stockl swap March 26. "They (Major League Baseball) are usin this change of control consen as a leverand we're negotiating at this Heckmann said. "The negotiations got pretty tough.
But if we don' t get the deal we want from baseball, we'rre not going to close this transaction." Los Angeles-baserd K2 (NYSE: KTO) makes skis, snowboards, bikes and other sporting good products. Mo.-based Inc. (Nasdaq: RAWL) manufactures sportinvg goods equipment.
Wednesday, February 1, 2012
Canisius ups Internet course offerings - Boston Business Journal:
Starting this fall, the collegd will offer master’s degrees in literach education, sport administration and educational administration. The three programs join the onliner master’s program in physical education, which has been offered by the colleg e sinceearly 2006, said Jim Bagwell, director of graduate admissions for the Schoolo of Education and Human Services. All three programs are gearefd toward students who live outside Western New though some space is availablw forlocal students. Bagwell declined to say how many spotx will be set aside forlocall students. The programs begin Sept. 14, thre e weeks after the Aug. 24 start date for the rest of the Bagwell said.
The literacy education program prepares literacy specialistxs for certification in New York while the sport administration program focuseson sports-relate business, such as intercollegiate athletics, amateuf and professional sports, sports marketing firms, special-eveng management and facility management, the college said. Students in the educationn administration program will receive a School BuildingLeader and/oer School District Leader certification in New York state. Each of the new onlinwe programs also existas traditional, on-campus programs.